African airlines’ traffic Down by 78.3% in April –IATA
The International Air Transport Association (IATA) has announced that domestic travel demand improved in April 2021 compared to the prior month, although it remained well below pre-pandemic levels, while recovery in international passenger travel continued to...
March Domestic Demand Recorded Upsurge - IATA
The International Air Transport Association (IATA) has announced that passenger traffic rose in March 2021 compared with February 2021.
However, total demand for air travel in March 2021 (measured in revenue passenger kilometers or RPKs) was down 67.2 per...
Global Airlines To Lose $47.7bn In 2021 - IATA
Global airlines regulator – International Air Transport Association (IATA), has projected a $47.7 billion net airlines industry loss for 2021.
The projected loss however represents an improvement on the estimated $126.4 billion net loss in 2020.
Director General,...
Airlines May Lose $47.7bn In 2021 — IATA
The International Air Transport Association (IATA) yesterday revised its airline economic performance forecast for the year 2021 putting net post-tax losses forecast at $47.7 billion in 2021 as against a $38 billion projected in December.
“Financial performance will...
Forex Scarcity Cripples Local Airlines, Spike Airfares
The foreign exchange (FX) liquidity crisis is eating deeper into the daily operations of the local airlines, causing airlines’ capacity to dwindle and hitting up airfares.
The Economic Confidential, yesterday, learned that operators in the aviation sector have not...
African Airlines’ Traffic Declined By 68% In February
African airlines’ traffic reduced by 68 per cent in February compared to the figure obtained in February 2019, the International Air Transport Association (IATA) has said.
The development was a setback compared to a 66.1% decline recorded in...
